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Strategyone

02/16/06 7:10 PM

#22646 RE: RUBY1100 #22644

Ruby, thanks for the Upstream update.

Wow, how does BM get info like that? 636 million barrels and they won't even admit they struck oil. If only us plain investors could get info like that....LOL

I am going out on a limb here and speculating the uptrend will continue...LOL

Good Luck to all Longs

Strategyone
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vip1999

02/16/06 7:15 PM

#22647 RE: RUBY1100 #22644

OB1 canobe!
"Brian O'Cathain, the chief executive of minority participant Afren, earlier put the chance of success at 55%, citing a P50 reserves level of 636 million barrels"

is this what we have been hoping for?
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cash2blow

02/16/06 7:17 PM

#22649 RE: RUBY1100 #22644

Thanks Ruby! Excellent news.

This is big. Especially as many here have pointed out .. that Cheveron has the rig till August(?) Could Block 2 be spudding next?

As well as contacts with Sinopec, company chief executive Walter Brandhuber was said to have received contacts from Chevron. He flew into Abuja on Tuesday night.

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Spec29

02/16/06 7:19 PM

#22651 RE: RUBY1100 #22644

Sweet, we may have struck oil without drilling...

Fresh evidence of the aerial extent of Chevron's Block 1 target indicates the structure straddles the boundary of Block 2 where Sinopec of China recently signed an memorandum of undestanding with US minnow ERHC to take over operatorship, sources said.

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Digdeepforsweet

02/16/06 7:24 PM

#22655 RE: RUBY1100 #22644

Thanks ruby1100 Great News em.